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Media

Sunshine Coast Building Approvals

Aug 21, 2017 Ann Lindner Comments ((Disabled))

Sunshine Coast building approvals are at their highest level in eight years, with Sunshine Coast Council issuing $1.72 billion in approvals during last financial year.

The building approvals issued last year were 32% higher compared to the previous year making it the third consecutive year where approvals with a value in excess of $1 billion have been recorded.

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Maroochydore CBD

Aug 21, 2017 Ann Lindner Comments ((Disabled))

Sun Central, the managers of Maroochydore CBD, have secured a four way deal to develop 'Super Lots' in the new city centre. 

In the $200 million deal; John Holland, SunCentral Maroochydore, Sunshine Coast Council and the University of the Sunshine Coast have signed a memorandum of understanding that will create a precinct of about 1.4ha that will be high rise buildings; one of these is a dedicated City Hall which will also house council staff, another will be a University campus including accommodation for international students.
Mayor Jamieson said more than $450 million worth of construction has been proposed through the expressions of interest in the city centre.

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ACTVENTURE Theme Park

Jul 24, 2017 Ann Lindner Comments ((Disabled))


The signs up are and the fences are in place, developers are poised to begin works on the $450 million ACTVENTURE theme park at Glenview on the Sunshine Coast.
The earthworks application is before council now and expected to be approved within the next month.

The theme park is scheduled to open early 2019.
First stage of the project is set to include a state-of-the-art waterpark; a lawn area for major events, concerts and community activities and an outdoor adventure park complete with bungee jumping, stand up paddle, kayaking and football.



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Sunshine Coast Vacancy Rates

Apr 26, 2017 Ann Lindner Comments ((Disabled))

The latest REIQ report on the Rental Market:-

  • Maroochy Coast was the tightest rental market in Queensland with a vacancy rate of 1.1 % for December 2016.
  • Noosa vacancy rate remained relatively steady with vacancy rates of 1.4%. This market has operated in the tight range for the past four years (since September 2012).
  • Rentals of medium to high density living in Noosa follow a cyclical performance with a market peak during the summer and holidays period. Vacancy rates of units in Noosa reduced from 3.2% in June 2016 to 1.4% December 2016
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Property Market Activity 2017

Feb 14, 2017 Ann Lindner Comments ((Disabled))

Residential-

In short the local market is booming HOWEVER only in some suburbs. In the past two weeks we have spoken with a number of selling agent with one Buderim agent reporting a Saturday of three open homes with all selling under multiple offer situations, one over the list price.

Similar story in the Kawana Waters coast strip West of Nicklin Way. Due to a severe shortage of quality listings one agent was inundated with 5 offers on the first open home at Warana after hitting the internet at 3pm the previous day. The property was an original beach brick home 3 bed, 2 bath 2 garage two streets back from the beach listed at $610,000+.

Commercial –

The $20 million Bli Bli village Centre development is expected to finish mid year, 50% of the centre has already been leased.

The demand for office space has been quantified within the Property Councils latest Office Market Report. The report shows during 2016 the vacancy rate on the Sunshine Coast fell from 9.2% to 6.9%. Not surprisingly the Sunshine Coast has the lowest vacancy rate in Qld, with Brisbane CBD 15.3% and Gold Coast at 12.2%.

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Airport deal takes flight

Feb 14, 2017 Ann Lindner Comments ((Disabled))

A $605 million deal with Palisade and the Sunshine Coast Council has been struck to deliver the international airport. As part of a 99 year lease, Palisade will pay $82 million lease payments in total with an up-front $67 million payment that the council will use for the construction of the runway.

Palisade will take charge of operating, investing and developing the airport along with negotiating with airlines for routes etc.

The deal will not only see the council retain ownership, but also pocket a 5% annual slice of the gross revenue for the life of the lease.

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